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Thursday, August 31, 2023

Services sector pushes 1st quarter GDP growth to 7.8%, highest in a year

The country’s economic growth in the April-June quarter of the current fiscal year touched a four-quarter high on the back of robust performances by services, farm, manufacturing and mining sectors and a favourable base, but patchy monsoon rains and a global slowdown could hurt expansion in the months ahead.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ILNlA2p

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Industrial output grows 5.8% in FY24, slows a tad in March

Numbers released by the National Statistical Office on Friday showed the index of industrial production (IIP) rose an annual 4.9% in March, ...